Lamar, Arkansas is a small town located in SouthCentral Arkansas with an estimated population of 647 people. The average rent for a two bedroom is much lower than the national average at only $710 per month. The cost of grocery items is also lower with an index rating of 94 as compared to 100 in the US. Despite its size there are plenty of attractions and businesses to enjoy in Lamar. Some popular local companies include Lamar Manufacturing, Inc., D&T Feed & Seed, and Walmart Supercenter. For entertainment, locals enjoy visiting the Lamar Community Center, checking out the Ozark National Forest nearby, or spending time on Lake Greeson. Lamar offers some unique entertainment experiences like Biggers' Turtle Farm and Duck Inn. The small-town atmosphere combined with economic affordability makes it an attractive place to live for many Arkansans.
Lamar has an unemployment rate of 5.2%. The US average is 6.0%.
Lamar has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 26.3%, which is lower than the US average of 33.5%.
Tax Rates for Lamar
- The Sales Tax Rate for Lamar is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Lamar is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lamar
- The average income of a Lamar resident is $16,902 a year. The US average is $28,555 a year.
- The Median household income of a Lamar resident is $30,156 a year. The US average is $69,021 a year.